Money Management Spreadsheet
This spreadsheet is very easy to use, its novice friendly.
All though if you still need some info on that then here I’ll explain how to use it.
Account Balance: here you type your balance amount from your trading account.
Risk : here you type in your risk that you feel good about it.
all though best to use is 1% off your account balance.
Stop-Loss : Type here your stop-loss you think you need.
Account Balance x 1% : Stop-Loss = Lot Size
1500 x 1% : 30 pips = 0.5 mini lots = 0.5 on the calculator = 0.05 on MT4 = 0.50$
15000 x 1% : 30 pips = 5 mini lots = 5 on the calculator = 0.5 on MT4 = 5.00$
Download here the Money Management Spreadsheet:
|Date/Updated||Money Management Standard SpreadSheet 1.0||Money Management + Free Margin SpreadSheet 1.0||Money Management +Free Margin +StopLoss SpreadSheet 1.0|
|21-10-2010||MM SpreadSheet ST||MM SpreadSheet + FM 1.0||MM SpreadSheet soon|